Abstract
This report gives an in depth insight into the development of the European
market for core heating products. The sectors covered within this option
include boilers & burners, radiators and water heaters. Each report includes:
- Trends (volume) 1997-2008 and forecasts to 2013
- Market value & average prices 2008
- Product segmentations
- Market shares
- Distribution
- Company/distributor profiles
Market Developments
The heating markets of the studied countries had experienced strong growth in
the decade leading up to 2007
In the traditional heating technology sectors, most markets have however
experienced some years of slight decrease after the turn of the millennium,
due to global economic slowdown. Up until 2007, most markets enjoyed dynamic
sales, some of them reaching historically high levels. The main factors for
this growth were:
- the development of heating appliances/equipment in selected Southern and
Eastern European
- countries
- in large West European countries, a growing replacement market fed by a
very old existing boiler park, and by the large quantities of wall hung
boilers installed in the 1970' s and 1980' s which are now yielding increasing
replacement sales
- the overall sustained construction activity in most countries.
However, in 2008 the European markets for heating products began to feel the
full effects of the global economic crisis, with sales declines witnessed
across a wide range of product and markets. The decline in construction
activity in all key markets had a particularly profound effect on sales. The
length and depth of the recession will determine the future evolution of the
market.
In terms of product trends, the past decade has seen the increasing
significance of energy efficient heating technologies, which have had a strong
impact on the overall replacement sales. The emergence of condensing boilers
and some types of low temperature heating systems underline this trend.
In recent years, New/Renewable Technologies (heat pumps, solar thermal and
solid fuel/biomass boilers) have offered a wider range of environmentally
friendly heating solutions to the end user and stimulated innovations and
product development from manufacturers.
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